Selection Process

The Vested Benefits Foundation of WIR Bank has applied the following selection criteria to determine the index investments used:


Each index investment is strongly oriented towards an underlying benchmark index. In order to ensure that the individual strategies are globally diversified and sensibly distributed according to asset classes and regions, the appropriate benchmark indices must be selected beforehand. Note that this preselection is not always obvious: For example, the SMI, SLI, SPI and SMIM all reflect the Swiss stock market, but they all differ greatly in terms of diversification and risk/return profile.

Quantitative Characteristics

In order to reflect the preselected benchmark indices as well and as cost-effectively as possible, the following quantitative criteria are used: product fees, trading liquidity, tracking error (deviation from the benchmark), and trading spread. These characteristics are regularly checked and guarantee an optimal and customer-oriented choice of the index investments used.

Tax Influences

In addition to quantitative criteria, tax influences also play an important role. Index funds are a major part of the investments used. These are not traded on the stock exchange and are therefore not subject to stamp duty. In the case of the remaining investment products (ETFs), stamp duty is due, but it is also reduced by VIAC’s intelligent offsetting system (see Academy).


Last but not least, the type of replication also influences the selection. Where possible, physically replicated funds are implemented. They effectively invest in the stocks of the underlying benchmark index. Investments in synthetically replicating products are avoided if possible since they are exposed to counterparty risk.

Asset List

3a AccountLiquidity WIR BankCHF
Bonds Switzerland
CSIMF Money Market CHFFTSE 3-Month CHF EurodepositCH0031419960CHF0.00% Factsheet
CSIF CH Bonds AAA-AASBI AAA-AACH0033846350CHF0.00% Factsheet
CSIF CH Bonds CorporateSBI CorporateCH0281860111CHF0.00% Factsheet
Swisscanto CH Bonds AAA-BBB 1-5SBI AAA-BBB 1-5CH0215803898CHF0.00% Factsheet
Swisscanto CH Bonds Corporate ResponsibleSBI CorporateCH1117196035CHF0.00% Factsheet
Bonds World
CSIF World ex CH Gov. BondsCGBI WGBI ex SwitzerlandCH0033210086USD0.01% Factsheet
CSIF World ex CH Corp. BondsBBG Barcl. Glob. Aggr. Corp. ex CHFCH0189955260USD0.00% Factsheet
Swisscanto World ex CH Gov. Bonds hedgedFTSE WGBI ex CH hedgedCH0117045317CHF0.00% Factsheet
Swisscanto World ex CH Corp. Bonds Resp. hedgedFTSE World Inv.-Grade Corp. hedgedCH1146980946CHF0.00% Factsheet
High-yield Bonds
CS Global High YieldBBG Barclays Global High Yield Corp.LU0340004091USD0.12% Factsheet
CSIF Emerging Market BondsJPM EMBI Global DiversifiedCH0259132105USD0.08% Factsheet
Swisscanto Emerging Market Bonds hedgedJPM EMBI Global Diversified hedgedCH0398970274CHF0.00% Factsheet
Swisscanto World ex JPY/CHF Infl. Linked hedgedFTSE ex JPY Glob. Infl. Link. hedgedCH0117048352CHF0.00% Factsheet
Equity Switzerland
CSIF SMISMICH0033782431CHF0.00% Factsheet
UBS ETF SLISLICH0032912732CHF0.20% Factsheet
CSIF SPI ExtraSPI ExtraCH0110869143CHF0.00% Factsheet
UBS ETF MSCI Switzerland IMI SRIMSCI Switzerland SRICH0368190739CHF0.28% Factsheet
CSIF SPI ESGSPI ESGCH0597394516CHF0.01% Factsheet
Swisscanto SMISMICH0215804714CHF0.00% Factsheet
Swisscanto SPI ExtraSPI ExtraCH0132501898CHF0.00% Factsheet
Swisscanto SPI ResponsibleSPICH0451461963CHF0.00% Factsheet
Equity Developed Markets
CSIF Europe ex CHMSCI Europe ex SchweizCH0037606552EUR0.01% Factsheet
CSIF US – Pension FundMSCI USACH0030849712USD0.00% Factsheet
iShares Nasdaq 100Nasdaq 100IE00B53SZB19USD0.33% Factsheet
CSIF CanadaMSCI CanadaCH0030849613CAD0.01% Factsheet
CSIF Pacific ex JapanMSCI Pacific ex JapanCH0030849654USD0.00% Factsheet
CSIF Japan – Pension FundMSCI JapanCH0357515474JPY0.01% Factsheet
CS Global Dividend PlusMSCI WorldLU0439730705USD0.12% Factsheet
CSIF World ex CH – Pension Fund PlusMSCI World ex CHCH0429081620USD0.00% Factsheet
CSIF World ex CH hedged – Pension Fund PlusMSCI World ex CHCH0429081638CHF0.00% Factsheet
CSIF World ex CH Small Cap – Pension FundMSCI World ex CH Small CapCH0214967314USD0.09% Factsheet
CSIF World ex CH Small Cap hedged – Pension FundMSCI World ex CH Small CapCH0214968353CHF0.09% Factsheet
Swisscanto Europe ex CHMSCI Europe ex CHCH0117044658EUR0.00% Factsheet
Swisscanto CanadaMSCI CanadaCH0117044864CAD0.00% Factsheet
Swisscanto US – IPFMSCI USACH0117044732USD0.00% Factsheet
Swisscanto Japan – IPFMSCI JapanCH0489405321JPY0.00% Factsheet
Swisscanto Pacific ex JapanMSCI Pacific ex JapanCH0117044831USD0.00% Factsheet
Swisscanto World ex CH – IPFMSCI World ex CHCH0117044948USD0.00% Factsheet
Swisscanto World ex CH hedged – IPFMSCI World ex CH hedgedCH0296590281CHF0.00% Factsheet
CSIF US ESG – Pension FundMSCI USA ESG LeadersCH0397628709USD0.02% Factsheet
UBS ETF MSCI Pacific SRIMSCI Pacific SRILU0629460832USD0.40% Factsheet
CSIF World ex CH ESG – Pension Fund PlusMSCI World ex CH ESG LeadersCH0337393745USD0.03% Factsheet
CSIF World ex CH ESG hedged – Pension Fund PlusMSCI World ex CH ESG LeadersCH0337393851CHF0.03% Factsheet
iShares Global Clean EnergyS&P Global Clean EnergyIE00B1XNHC34USD0.65% Factsheet
Swisscanto US Responsible – IPFMSCI USACH1223932505USD0.00% Factsheet
Swisscanto World ex CH Responsible – IPFMSCI World ex CHCH0215804755USD0.00% Factsheet
Swisscanto World ex CH Responsible hedged – IPFMSCI World ex CH hedgedCH0293345648CHF0.00% Factsheet
Swisscanto World ex CH Small Cap Resp. – IPFMSCI World ex CH Small CapCH1220910934USD0.00% Factsheet
Swisscanto World ex CH Sm. Cap Resp. hedged IPFMSCI World ex CH Small Cap hedgedCH1221211753CHF0.00% Factsheet
Equity Emerging Markets
CSIF Emerging MarketsMSCI Emerging MarketsCH0017844686USD0.09% Factsheet
CSIF China Total MarketMSCI ChinaLU1815001406USD0.13% Factsheet
CSIF Emerging Markets ESGMSCI Emerg. Markets ESG LeadersLU1587907855USD0.13% Factsheet
Swisscanto Emerging MarketsMSCI Emerging MarketsCH0117044971USD0.00% Factsheet
Swisscanto Emerging Markets ResponsibleMSCI Emerging MarketsCH0561458693USD0.00% Factsheet
Real Estate Switzerland
CSIF CH Real EstateImmobilien SchweizCH0036599816CHF0.00% Factsheet
Swisscanto CH Real EstateSXI Real EstateCH0117052545CHF0.00% Factsheet
Real Estate World
iShares US Property YieldImmobilien USAIE00B1FZSF77USD0.40% Factsheet
CSIF Real Estate World ex CH – Pension FundReal Estate World ex CHCH0217837456USD0.01% Factsheet
Swisscanto Europe ex CH Real EstateFTSE EPRA Nareit Dev. Europe ex CHCH0117052586EUR0.01% Factsheet
Swisscanto North America Real Estate – IPFFTSE EPRA Nareit North AmericaCH0215804730USD0.00% Factsheet
Swisscanto Asia Real EstateFTSE EPRA Nareit Developed AsiaCH0117052669CHF0.00% Factsheet
CSIF GoldGoldCH0209106761USD0.09% Factsheet
Swisscanto GoldGoldCH0568725631USD0.00% Factsheet
Swisscanto CommodityBloomberg Commodity IndexCH1196925890USD0.00% Factsheet
Alternative Investments
iShares Listed Private EquityS&P Listed Private EquityIE00B1TXHL60USD0.75% Factsheet